When you plan to travel outside the euro area, it is essential to convert your current currency into the currency used in the country you are travelling to. This is the case if you are travelling with an ESTA authorization or with a VISA.
In other words, if you plan to travel to the United States, you must exchange your euros for dollars. How? How? Where? Where?
Currency trading is actually simpler than it seems to be, as both the Euro and Dollars are accepted all over the world. You can exchange your currency at the airport, in a bank or by using your credit card by following our handy tips!
There are some advantages to currency exchange.
Please note that currency exchange can be done at the time of your departure; at the airport of your country of origin, as well as on your arrival at an airport in the United States. In both cases, you will have to take these two parameters into account:
The exchange rate in your country and in the USA - The fees that will be charged to you for the exchange you will make.
The course is indeed not the same from one airport to another and necessarily varies from one country to another. Comparing the exchange rate and the fees charged by currency exchange offices at airports will allow you to determine whether it is more profitable for you to trade in your country or directly in the United States. It may also allow you to realize some savings, more or less important.
The main advantage is that you will be able to get your dollars instantly. This can be beneficial if you haven't had time to exchange your euros before your departure. This way, you won't be left without a penny of brave money on the spot.
However, note that this alternative is far from being the best and far less economical. The exchange fees charged at airports, both in France and the United States, are particularly high due to the lack of competition.
Again, two alternatives are available to you:
Exchange in your own bank, i. e. in your country of origin - Exchange in an American bank, i. e. in the United States.
This is without a doubt the most practical solution. You can ask your banker for information about courses and fees, and he or she will advise you better than anyone else on the best attitude to adopt.
Another advantage is that you can exchange them directly at the counter. All you have to do is order the currencies you need yourself and you are done.
If you choose this alternative, however, do so at least a dozen days before your departure to the USA. Currencies will only be available for about ten days after the order, depending on the bank.
Also in your home country, you can also exchange currencies online, via secure sites, if your bank has them.
Offering the advantage that you can order your currencies without having to move from home, again, it will take a few dozen days to have your dollars available. And once they're available, you'll still have to pick them up at the box office!
Add to this the fact that all the costs associated with its exchanges will be charged to your account.
If you choose to wait for your arrival in the USA to proceed with the exchange, you will have the choice between exchanging currencies or traveler's checks in cash and of course in dollars.
In both cases, you will need to visit a U. S. bank and present yourself at the counter with the currency or traveler's checks you wish to exchange.
If you choose this option, don't forget to bring your ID.
However, regardless of which banking institution you choose, you will always have to charge a fee for the exchange. This is for the simple reason that all banks, without exception, withdraw a commission for any foreign exchange transaction.
If you want to avoid these "fees" for your purchases, choose stores that accept traveler's checks in small cuts and pay with them.
If you have an international credit card, Visa or Mastercard, you won't have to worry about buying cash on American soil. Because ATMs are particularly common in the United States and your card can be used with just about any number of ATMs.in every country of the world.
To exchange currencies, all you have to do is enter your card, define the amount of money you wish to have and validate.
Even if your account is initially funded in Euro/Pound, your money will be automatically issued in local currency, i. e. dollars.
The benefits of such an initiative: You won't have to walk around with a lot of money in your bag; you can withdraw your money as you need it.
In addition, for all transactions, the exchange rate applied will be that of your bank.
Note that if you have a bank account in the United States, access to currencies is made even easier. Simply go to the bank teller's counter and you'll be able to access your cash in dollars. The downside: if you withdraw the money from a competing branch, you will have to pay a fee!
To avoid being conned and to take advantage of the best exchange rates available, whether in your home country or in the United States, exchange only a portion of your currency when you leave.
So that you are not completely deprived once in the United States and that you are obliged to go through the exchange offices at the airport. At the very least, you should plan to allow yourself to live and lodge properly for at least one day.
Once in the United States, you will be able to notify. With this in mind, take the time to compare local bank rates and see if it's not more cost-effective for you to use your credit card and shop at local vending machines than to exchange major currencies and be back home with dollars you won't even need.